L&T Money Market Fund Direct Dividend monthly+0.01%

6.29%
1 Year Return
Debt
Money Market
5.0star
6M
1Y
3Y
5Y
All

Fund Details

L&T Money Market Fund Direct Dividend monthly

RiskModerately Low
Min SIP Amount₹1000
Expense Ratio0.25%
NAV12.10 (29 Oct 2020)
Fund Started01 Jan 2013
Fund Size1,091 Cr

Returns

1Y
3Y*
5Y*
Since inception*
L&T Money Market Fund Direct Dividend monthly
6.3%
7.6%
8.2%
8.4%
Category Average
6.0%
7.0%
7.2%
-
Rank within category
12
3
1
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with 6.3% annual returns

    Comparison

    Data not available
    Pros
    1. Lower expense ratio - 0.25%
    2. Exit load is zero
    Cons
    Found nothing so far.

    Top Holdings

    NameSectorInstrument% Assets
    Reserve Bank of IndiaFinancialT-Bills12.7%
    Tata Power Co. Ltd.EnergyCP6.8%
    Reliance Industries Ltd.EnergyCP6.8%
    Reserve Bank of IndiaFinancialT-Bills6.8%
    Larsen & Toubro Ltd.ConstructionCP6.8%
    Power Finance Corpn. Ltd.FinancialCP6.7%
    ICICI Bank Ltd.FinancialCD4.5%
    Reserve Bank of IndiaFinancialT-Bills3.6%
    Reserve Bank of IndiaFinancialT-Bills3.6%
    Muthoot Finance Ltd.FinancialCP2.3%
    See All

    Fund Managers

    addShriram Ramanathan
    Education
    Shriram is a B.E. (Electrical), PGDBM from XLRI Jamshedpur and CFA.
    Experience
    Prior to joining L&T Mutual Fund he has worked with FIL Fund Management Pvt. Ltd., ING Investment Management, Zurich Asset Management Co., ICICI Ltd., and L&T Ltd.
    Funds Managed
    addJalpan Shah
    Education
    Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
    Experience
    Prior to joining L&T, he was associated with FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.
    Funds Managed
    addVikas Garg
    Education
    Mr. Garg is CFA MBA Finance, B-Tech and M- Tech
    Experience
    Prior to joining Invesco India Mutual Fund, he has worked with L&T Mutual Fund as Fund Manager, Fidelity International as Credit analyst and Research Associate- Credit, ICRA as Sr Analyst and Indian Oil Corporation Ltd as Project manager.
    Funds Managed

    L&T Money Market Fund Direct Dividend monthly Details

    L&T Money Market Fund Direct Dividend monthly is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Jalpan Shah, Vikas Garg is the Current Fund Manager of L&T Money Market Fund Direct Dividend monthly fund.The fund currently has an Asset Under Management(AUM) of ₹1,091 Cr and the Latest NAV as of 29 Oct 2020 is ₹12.10.

    The L&T Money Market Fund Direct Dividend monthly is rated Moderately Low risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 10000.

    Investment Objective

    The scheme seek to generate regular income through investment in a portfolio comprising substantially of money market instruments.

    Tax Implications

    Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

    Scheme Information Document(SID)

    ₹10000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Nil
    Exit Load

    Compare Funds

    L&T Money Market Fund Direct Dividend monthly
    VS
    search

    About L&T Mutual Fund

    Address
    6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098
    Phone
    022-66554000
    Launch Date
    03 Jan 1997
    L&T Mutual Fund
    Asset Management Company
    Custodian
    Citibank NA
    Registrar & Transfer Agent
    Cams
    Address
    7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
    Similar Funds
    Data not available